World Worried About China's Economic Slowdown

Even after witnessing a double-digit growth for nearly three decades, the Chinese economy has started showing signs of slowness. Although India has replaced the Asian giant as the fastest growing major economy of the world, the South Asian nation, like other countries across the globe, is worried about its northern neighbour's slow growth rate. It is because China has come to a stage where anything that happens to its economy has global implications.

Through some key indicators, like GDP, industry, imports, exports, currency and foreign exchange reserves, we can explain why China has such an influence on the world.

The volume of China's GDP was USD 10.3 trillion (in comparison to India's USD 2 trillion) in 2015. The Asian power's GDP has grown at an average rate of around 10% since 1991. By maintaining a steady growth rate for almost 24 years, China has become the world...